An announcement from Iceni Gold Ltd. ( (AU:ICL) ) is now available.
Iceni Gold Limited has announced promising initial results from its RC drilling program at the Guyer Prospect within its 14 Mile Well Gold Project. The drilling has confirmed and expanded the gold mineralization footprint, indicating a significant gold system within the granodiorite host rock. The results support further exploration, including a planned diamond drilling campaign, which aims to refine the structural framework and target high-grade zones. This development is part of a $35 million farm-in agreement with Gold Road Resources, highlighting the project’s potential impact on Iceni’s operations and its strategic positioning in the gold mining sector.
More about Iceni Gold Ltd.
Iceni Gold Limited is a company operating in the gold mining industry, focusing on exploration and development projects. Its primary project is the 14 Mile Well Gold Project located between Leonora and Laverton, which includes the Guyer Prospect. The company is engaged in a farm-in agreement with Gold Road Resources to explore and develop gold resources.
YTD Price Performance: -2.86%
Average Trading Volume: 295,104
Technical Sentiment Signal: Sell
Current Market Cap: A$20.94M
Learn more about ICL stock on TipRanks’ Stock Analysis page.